The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.Learn More
The cigarette industry is to declining in China due to a number of reasons. The Chinese government is creating legislation such as the increase wholesale excise tax from 5 percent to 11 percent in May 2015. There are also new advertising laws prohibiting advertisements of cigarettes in public places. Euromonitor projects China to lose about 5 percent of its volumes between 2015 and 2020.